New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-08

IN, s,or .el the Ne% YoiE suck Exchange tho
weeks Of ihree y,srs compare AS follows;
AS "a: ~ A .sss 1854 A s5 1850
No shares sold.... LlA459J lSO77si l.eJ9'1h
The local money market has ru.cd easy with 4d5
per cent as far rates the characters ~ the colt
erI and borrower entirely saIIsIac;ory Inc ex-
IRENE rates for the were nj per cent Suc" me
Treasury offer relating 10 Dr"uaImc Oh interest ana
pnchase OF bonds easier has prevailed for time
loans. and they may be quoted al )do2 Per ceht lor
ionr months Tho Southern exchanges sui continue
favorable 10 New York hut a. 1T Louis and Chicago
NewYork checks al discount 81 20 ana 90 cents ro
spectvely Tue foreign exchanges have ruled weak ana
despite the hghcr raos TOR money In London sight ster
ling sold AT - s34 for yesterday NAL AZ Gmrr o III
tetcst rates Ia L0nOn and New-fork gold imports can
be made at about 81 1874.
At the stock Exchange last week the dealings were
characterized 10y restoration OF confidence In the gen
eral situation and sharp recovery III prices, WnlGn
leave the final figures OF the week murray
higher than on sainrdav. July 81. ana In sono
Instances tho gains amount 10 per cent, the average
gain zig per cent The change 10 temper toueSo
OF board Is more due to the dispenS o, ae
Inson than anything which occurred during e week
The average sill hugs the dea thst eVery
rot ell. aud that there can he nothing mere nan
porary rally. and the leaders in inc late uePres
sion, however they may act tas uGu ~ With the
strain Prices started on their upward WAX Win ,o
epenins II business Monday morning and ma1e goou re-
coveres that day. on TUESDAY the m @ gn,
Of mo I've, syndicate again we're roed 10 me 'front.'
accompanied by rumors connecting other wei hUoMn
aud reputable firms In The Gallons r,ac. 9 ssre
they he. Under these false rihors prIecs weno
severely attacked ali along the line so hat most OF n
DAYS recovery os and in special instances IKE
Missouri Pacific, Western Union. ~. Paul ana Lake
shore lower CURES were touched man dnrng .de P,h
cedDg week. "wednesday hornihk ,"i , -,
prooi that Tuesdays rumors were absolutely WHOM
foundation aud prices opened hlgher, anu WIN -
moderate trading or business continued 70 pi.oeo ~
the close Thursday The market ENJOY e9 .Io
al the Openng because OF tue 1reasurys announcement
Of Sdw,2er p0 we're is s.an" sdf and further
tons added 10 them before The close OF the gay FILTHY
was another buying day. and still further advances were
made. Iesterday-a hali-hollday-wss du anu pla1os
were Influenced again by renewal OF rnmors anu nnay
by local Interpretation given 10 the bhhN s.~'co''
10 that a small part OF the weeks gains was lost. o
The prime In the recout depression AT tno IN
Exchange deserve credit for the Ingenuity deVeioPeu a
Treasury absorption Of money. Inc more ireluen n
proofs furnished that the Treasury was not acC
muating money and not likely to DO so during VIE
year. the mole vehemently was ,ui ihe o., nnim
mated. in a "bankers'" circular in the asser
ton that the "lockup was going on az tne h .,
sentiment IL created long II is brought into peins
IL is as potent while IL exists n based upon dsus,o
rs solid fact But to create schlusnt ,be
the teachings Of facts which are open m no e1
abiiity. The action Of the secretary snpS
dispris delusion for which the ere on,iS.Iv
ioca In It's Influences No merchant ha. changed us
ethods OF doing business. has contractor us id
ne have heard OF tho danger OF tlght money
n,pers paid less attention to STOCK spscula'iou..
discounts at bank OF mercantile paper nave peen =,
effected only by the greater demand gr9"hs ou, ~
curailed their proposed extensions. but have gonu ~
planning additional lines TO meet the requirement. ~
.orntlon has no: closed furnace nor cnecneu .o
giving OF order for steel rails Outside OF Wal
the business OF the country mas q. 20 III
WAYS aud force the Treasury into making Darke ~
for bonds. Hence say tho sentiment Oh
hoxeyer has accomplished its object far as marking
rr,res for general securities down, and In inouc
inS tie Secretary to ofer 10 disgorge wnas-